Mexican Housing Day 2011 will Take Place in London on Monday February 14th at 1 Great Winchester St (Deutsche Bank Offices)

MEXICO CITY, Jan. 27, 2011 /PRNewswire/ -- This Eighth Annual event will feature important presentations from: Mexico's Minister of Finance, National Housing Commission (CONAVI), Sociedad Hipotecaria Federal (SHF), Fondo de la Vivienda del Instituto de Seguridad y Servicio Social de los Trabajadores del Estado (FOVISSSTE), CONAGO Housing Commission, Mexican Ministry of Social Development (SEDESOL), Mexican Banking Association, Instituto del Fondo Nacional de la Vivienda para los Trabajadores (INFONAVIT) and the Mexican Ambassador to the U.S.

The housing market in Mexico has solid foundations: i) Secure demand for the next ten years, and, ii) Stable House prices. These factors and the availability of sufficient sources of financing from private and public sector institutions will guarantee the goal of the Federal Government to grant sufficient mortgages to the population.

If you should wish to attend, be so kind as to register at

www.mexicanhousingday.com

For the present decade, housing has been a priority for the Mexican Government. The transformation of the legal framework, especially the promulgation of a new Housing Law, in addition with the creation of an entity in charge of designing and conducting the sector's policy, allowed to establish the basis of a national policy.

At the same time, the Mexican Housing Market has seen significant growth in recent years, driven by a home deficit for new homes of approximately 5.4 million for new households, a strong demand which outpaces home supply, solid mortgage financing institutions resulting in increased access to financing for low income homebuyers, strong federal government support, and consolidated coordination among all players.

The Mexican population includes 26.7(1) million families. From those, 8.9 million (1/3 of the total) inhabit substandard dwellings which are built with low quality materials or are overcrowded. Yearly approximately 550,000 new households are formed, of which 54% are able to demand a loan.

In terms of yearly mortgage production, the market has grown significantly from 341,928 in 2000 to 842,000 in 2009 (146% increase) INFONAVIT and FOVISSSTE are responsible for allocating on a yearly basis approximately 450,000 and 100,000 new mortgages respectively.

The participation of a specialized federal development bank such as SHF in the housing sector provides support to either fund or find different sources to finance each stage of the housing production chain: Stage I: Construction loans for social housing; Stage II: Individual loans; Stage III: Securitization.

RMBS represent a growth opportunity for the housing sector and as a result of this INFONAVIT and FOVISSSTE have actively increased their reliance on Residential Mortgage Backed Securities issuances directed to domestic institutional investors as well as foreign investors.

Events such as the Eighth Mexican Housing Day will contribute to raising awareness of business opportunities in housing for international investors and also promote the Mexican Government support to this sector.

(1)This figure is updated to 2008, for 2010 INEGI (National Statistics and Geography Institute estimates around 28 million households.

SOURCE CONAVI

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED